Cyprus GDP Annual Growth Rate  2001-2016 | Data | Chart | Calendar

The economy of Cyprus expanded 2.7 percent year-on-year in the second quarter of 2016, the same pace as in the previous quarter, flash estimates showed. Main contributors to the growth were hotels and restaurants; professional, scientific and technical activities; retail and wholesale trade; manufacturing; construction and transport. In contrast, financial service activities and household activities shrank. Quarter-on-quarter, GDP expanded 0.7 percent from and 0.9 percent in three months to March. GDP Annual Growth Rate in Cyprus averaged 1.34 percent from 2001 until 2016, reaching an all time high of 5.50 percent in the fourth quarter of 2007 and a record low of -6.50 percent in the second quarter of 2013. GDP Annual Growth Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.

Cyprus GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.70 5.50 -6.50 2001 - 2016 percent Quarterly
SA, WDA
Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Industry accounts for only 10 percent and agriculture for 2 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP. This page provides - Cyprus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-13 09:00 AM Q1 2.7% 2.8% 2.8%
2016-06-09 09:00 AM Q1 2.7% 2.8% 2.7% 2.7%
2016-08-12 09:00 AM Q2 2.7% 2.7% 2.5%
2016-09-08 09:00 AM Q2 2.7% 2.7% 2.7%
2016-11-15 10:00 AM Q3 2.2%
2016-12-09 10:00 AM Q3

Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.90 2.00 -2.10 percent [+]
GDP Annual Growth Rate 2.70 2.70 5.50 -6.50 percent [+]
GDP 19.32 23.23 27.49 0.49 USD Billion [+]
GDP Constant Prices 3858.40 3819.00 4205.80 2522.30 EUR Million [+]
Gross National Product 17420.60 16896.00 18054.50 6924.70 EUR Million [+]
Gross Fixed Capital Formation 237.00 497.40 1407.00 -6064.00 EUR Million [+]
GDP per capita 27377.20 26603.35 32319.40 7726.05 USD [+]
GDP per capita PPP 30309.63 29452.89 35781.20 23319.14 USD [+]
GDP From Agriculture 73.60 76.50 101.80 48.20 EUR Million [+]
GDP From Construction 122.00 110.90 408.60 102.30 EUR Million [+]
GDP From Manufacturing 191.10 186.46 262.85 179.38 EUR Million [+]
GDP From Mining 282.50 276.80 350.30 267.50 EUR Million [+]
GDP From Public Administration 312.70 309.87 312.70 135.41 EUR Million [+]
GDP From Services 1024.30 1011.30 1107.40 602.37 EUR Million [+]




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Ethiopia 9.60 Dec/15
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Papua New Guinea 9.00 Dec/15
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Rwanda 7.30 Mar/16
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Bangladesh 7.05 Dec/16
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Myanmar 7.00 Dec/15
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Cambodia 6.90 Dec/15
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Turkmenistan 6.50 Dec/15
Senegal 6.40 Mar/16
Dominican Republic 6.10 Mar/16
Burkina Faso 6.00 Mar/16
Romania 6.00 Jun/16
Kenya 5.90 Mar/16
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Malta 5.20 Mar/16
Indonesia 5.18 Jun/16
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Ghana 4.90 Mar/16
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Niger 4.90 Dec/15
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Costa Rica 4.80 Mar/16
Turkey 4.80 Mar/16
Gambia 4.70 Dec/15
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Bahrain 4.50 Mar/16
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Mozambique 3.70 Jun/16
Peru 3.70 Jun/16
Slovakia 3.70 Jun/16
Brunei 3.60 Mar/16
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Thailand 3.50 Jun/16
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Spain 3.20 Jun/16
Australia 3.10 Mar/16
Germany 3.10 Jun/16
Mauritania 3.10 Dec/15
Poland 3.10 Jun/16
Sweden 3.10 Jun/16
Albania 3.00 Mar/16
Bulgaria 3.00 Jun/16
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Madagascar 3.00 Dec/15
Israel 2.90 Jun/16
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Botswana 2.80 Mar/16
Croatia 2.80 Jun/16
Guatemala 2.80 Mar/16
New Zealand 2.80 Mar/16
Cyprus 2.70 Jun/16
Slovenia 2.70 Jun/16
Cameroon 2.60 Dec/15
El Salvador 2.60 Dec/15
Georgia 2.60 Mar/16
Hungary 2.60 Jun/16
Somalia 2.60 Dec/14
Czech Republic 2.50 Jun/16
Mexico 2.50 Jun/16
Norway 2.50 Jun/16
Iraq 2.40 Dec/15
Ireland 2.30 Mar/16
Jordan 2.30 Mar/16
Netherlands 2.30 Jun/16
United Kingdom 2.20 Jun/16
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Mar/16
Latvia 2.10 Jun/16
Singapore 2.10 Jun/16
Cayman Islands 2.00 Dec/15
Colombia 2.00 Jun/16
Macedonia 2.00 Mar/16
Serbia 2.00 Jun/16
Lithuania 1.90 Jun/16
European Union 1.80 Jun/16
Kuwait 1.80 Dec/15
Haiti 1.70 Dec/15
Hong Kong 1.70 Jun/16
Swaziland 1.70 Dec/15
Euro Area 1.60 Jun/16
Armenia 1.50 Jun/16
Chile 1.50 Jun/16
Paraguay 1.50 Mar/16
Saudi Arabia 1.50 Mar/16
Suriname 1.50 Dec/15
Zimbabwe 1.50 Dec/15
Belgium 1.40 Jun/16
France 1.40 Jun/16
Mongolia 1.40 Jun/16
Morocco 1.40 Jun/16
Tunisia 1.40 Jun/16
Finland 1.30 Jun/16
New Caledonia 1.30 Dec/14
Ukraine 1.30 Jun/16
Austria 1.20 Jun/16
Bahamas 1.20 Dec/15
Republic of the Congo 1.20 Dec/15
United States 1.20 Jun/16
Montenegro 1.10 Mar/16
Qatar 1.10 Mar/16
Lebanon 1.00 Dec/15
Barbados 0.90 Dec/15
Canada 0.90 Jun/16
Portugal 0.90 Jun/16
Jamaica 0.80 Mar/16
Moldova 0.80 Mar/16
Nepal 0.77 Dec/15
Italy 0.70 Jun/16
Switzerland 0.70 Mar/16
Taiwan 0.70 Jun/16
Estonia 0.60 Jun/16
Iran 0.60 Mar/15
Argentina 0.49 Mar/16
Denmark 0.40 Jun/16
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
Guinea 0.10 Dec/15
Japan 0.10 Mar/16
Kazakhstan 0.10 Jun/16
South Africa -0.20 Mar/16
Greece -0.40 Jun/16
Uruguay -0.50 Mar/16
Puerto Rico -0.60 Dec/15
Russia -0.60 Jun/16
Liechtenstein -0.80 Dec/14
North Korea -1.10 Dec/15
Uganda -1.30 Mar/16
Belize -1.96 Mar/16
Nigeria -2.06 Jun/16
Kyrgyzstan -2.30 Jun/16
Syria -2.30 Dec/11
Trinidad and Tobago -2.30 Dec/15
Ecuador -3.00 Mar/16
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Brazil -3.80 Jun/16
Burundi -4.10 Dec/15
South Sudan -5.30 Dec/15
Libya -6.00 Dec/15
Macau -7.10 Jun/16
Venezuela -7.10 Sep/15
Equatorial Guinea -10.60 Dec/15
Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15